Calamos Advisors LLC Has $54.02 Million Stock Holdings in Emerson Electric Co. $EMR

Calamos Advisors LLC reduced its stake in Emerson Electric Co. (NYSE:EMR) by 18.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 405,173 shares of the industrial products company’s stock after selling 93,244 shares during the quarter. Calamos Advisors LLC’s holdings in Emerson Electric were worth $54,022,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Saudi Central Bank bought a new position in Emerson Electric during the first quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Emerson Electric during the 1st quarter worth about $27,000. PFS Partners LLC raised its position in shares of Emerson Electric by 65.9% in the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 108 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of Emerson Electric in the 2nd quarter valued at about $38,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Emerson Electric by 436.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 288 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 2.2%

Emerson Electric stock opened at $132.40 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The firm’s fifty day moving average price is $132.35 and its two-hundred day moving average price is $130.33. The firm has a market capitalization of $74.51 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27.

Emerson Electric (NYSE:EMR) last posted its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The company had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric declared that its board has initiated a share buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 1.7%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 14th. Emerson Electric’s dividend payout ratio is currently 54.95%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on EMR shares. Royal Bank Of Canada dropped their price target on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Wolfe Research cut their target price on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Finally, Jefferies Financial Group cut their price objective on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $149.00.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.